Market Wrap: IT, auto stocks lead rally as D-Street cheers easing geopolitical tensions; Sensex ends 700 points higher, Nifty above 25,200

D-Street on Wednesday cheered the de-escalation of tensions between Iran and Israel, as IT, auto and consumer durables sectors. The 30-component S&P BSE Sensex closed 700 points or 0.85% higher at 82,755.51, while the Nifty 50 index was up by 0.8% or 200 points, closing the session at 25,244.75.